Hello, check out the BugBounter Cybersecurity Newsletter July 2023 edition for getting updated in second about the cybersecurity world and the BugBounter Platform.
Explained Briefly: Latest News & Threat Landscape
BugBounter explained the July 2023 cybersecurity threat landscape through the latest cybersecurity news.
BugBounter enters US market, closing deal with first customer, democratizing crowdsource cybersecurity for mid-market companies.
BugBounter Reaches 5.000 Followers
BugBounter celebrates 5,000 LinkedIn followers, grateful for social media amplifying the voice of our cybersecurity Platform and Community of cybersecurity experts.
The Power of Community
BugBounter’s bug bounty program’s budget exhausted in under 6 hours, showcasing the impressive speed of our Community of cybersecurity experts.
Tips for Your Company’s Cybersecurity: Human Intelligence
A trusted CISO, a cybersecurity researcher, we, as the BugBounter Team, have some tips for you to stay one step ahead of cyber criminals by leveraging the power of human intelligence.
CISO
“Invest in the training of employees, promote security culture to identify threats software may miss, like the phishing campaign detected by vigilant employees.”
Researcher
“Engage ethical hackers with expertise to uncover vulnerabilities automated tools miss, like the authorization bypass found through manual code review.”
BugBounter
“Choose a cybersecurity solution combining software and human intelligence for reliability, comprehensive threat detection, and reduced false results.”
Have You Seen Our LinkedIn Short Articles?
BugBounter posts daily short articles on LinkedIn to boost the cybersecurity awareness across companies. Click the thumbnails to read.
“BugBounter Explains Business Risks: Intellectual Property Theft Due to Cybersecurity Incidents”
What are the challenges companies face in terms of intellectual property theft, and what is at the stake for these companies?
BugBounter Explains July 2023 Cybersecurity Threat Landscape
In today’s digital age, the threat landscape in cybersecurity is constantly evolving, posing significant challenges to organizations. As professionals in the field, it is crucial to stay informed about the latest developments and trends in cybersecurity to protect our assets. In this blog post, we will explore the dynamic nature of the cybersecurity threat landscape, highlighting insights and analysis from recent news articles that shed light on emerging risks and vulnerabilities.
In this article, BugBounter explains the July 2023 cybersecurity threat landscape for you. Keep reading to learn more.
WormGPT: New AI Tool Allows Generation of Weaponized Code
A recent news article reported the emergence of WormGPT, an AI tool capable of generating weaponized code. This development poses significant concerns as cybercriminals could potentially leverage such tools to automate the creation of exploit codes, increasing the sophistication of attacks (Source: The Hacker News).
💡 Keep in mind
The development of AI tools like WormGPT further underscores the need for robust cybersecurity measures. It is crucial for organizations to implement proactive vulnerability management processes, conduct regular security assessments, and engage in bug bounty programs to identify and address potential weaknesses in software and systems.
Microsoft Bug Allowed Hackers to Breach Windows Security
In a recent news piece, it was revealed that a bug in Microsoft Windows allowed hackers to breach the operating system’s security defenses. This vulnerability affected multiple Windows versions, potentially granting unauthorized access to sensitive data (Source: The Hacker News).
💡 Keep in mind
The discovery of vulnerabilities in widely-used systems like Microsoft Windows serves as a reminder of the importance of timely security updates and comprehensive patch management. Organizations must prioritize regular software updates and security patches to mitigate the risks associated with such vulnerabilities.
Critical Security Flaws Uncovered in IoT Devices
Recent news highlighted critical security flaws discovered in Internet of Things (IoT) devices. These vulnerabilities expose the potential for threat actors to gain unauthorized access, manipulate device functionality, or use IoT devices as entry points to compromise larger networks (Source: The Hacker News).
💡 Keep in mind
The prevalence of IoT devices across industries calls for robust IoT security measures. Organizations should prioritize secure coding practices, regular firmware updates, and proper access controls to mitigate the risks associated with IoT devices. Implementing network segmentation and continuous monitoring are also crucial for maintaining a secure IoT environment.
AIO-S’s WordPress Plugin Faces Backlash Due to Security Concerns
A news article shed light on security concerns surrounding the AIO-S WordPress plugin, which faced backlash due to vulnerabilities that could lead to unauthorized access, data leaks, and website defacement (Source: The Hacker News).
💡 Keep in mind
This incident underscores the importance of thorough security assessments and testing before deploying third-party plugins or software. Organizations should rely on trusted sources, actively participate in bug bounty programs, and adopt best practices for securing their WordPress installations to prevent potential vulnerabilities.
A recent news piece highlighted the emergence of cloud credential-stealing malware developed by the hacking group TeamTNT. This malware specifically targets Kubernetes clusters, aiming to steal sensitive information, exploit cloud resources, and mine cryptocurrencies (Source: The Hacker News).
💡 Keep in mind
The growing sophistication of malware targeting cloud environments highlights the criticality of robust cloud security measures. Organizations must implement strong access controls, regularly monitor cloud infrastructure, and conduct comprehensive security assessments to protect their cloud-based assets and prevent unauthorized access.
What Lesson Can We Take from the Threat Landscape of July 2023?
The threat landscape of July 2023 has taught us valuable lessons in the ever-changing world of cybersecurity. We must anticipate and adapt to the evolving threats posed by AI tools, prioritize timely patch management to address vulnerabilities, enhance IoT security measures, conduct thorough security assessments for third-party software, implement robust cloud security practices, and continuously educate and raise awareness among employees. By learning from these lessons, organizations and cybersecurity professionals can strengthen their defenses and stay one step ahead of malicious actors in an increasingly complex threat landscape.
About BugBounter
BugBounter invests in the human intelligence as a cybersecurity solution for companies, regardless of their sizes. Learn more about cybersecurity solution and Platform today.
We hope you are doing well. Read the latest cybersecurity newsletter by BugBounter to stay updated about the cybersecurity world, keep your business secure, and reputation at its prime.
Updates from BugBounter
The New BugBounter Website Launch
The official BugBounter website has been renewed for the professionals and cybersecurity experts. Visit the new BugBounter website today, explore our cybersecurity solution and platform, designed for helping you keep your business secure and reputation at its prime. Click the button below to visit today.
If you’re reading this, that means you’ve already visited our new website. Keep exploring our website for more!
Updates from the Cybersecurity World
Data Breaches
MSI’s private code signing certificate was breached.
Western Digital exposed customer data.
Kodi had a breach compromising 400k user records.
FBI crackdown on Genesis Market led to 119 arrests.
Cyber-Attacks
Clop ransomware targets remote desktops.
Cyclops uses Go language for undetectable attacks.
Dark Pink APT conducts supply chain attacks.
China-Taiwan tensions fuel cyber-attacks.
Cybersecurity Tip for Your Company: “Why Human Intelligence Triumphs?”
From a CISO:
Amidst the ever-evolving cyber threats, embrace the power of human intelligence. Strategic planning, risk assessment, and adaptive decision-making are key strengths that humans possess. Proactive threat hunting, intuitive decision-making, and adaptive strategies set the human intelligence apart from AI and ML.
From a Cybersecurity Expert:
“AI and ML are valuable tools, but human intelligence is unmatched in detecting sophisticated attacks like APTs and social engineering. Trust in human expertise instead of algorithms to prevent zero-days, insider threats, and context-driven attacks.”
From BugBounter:
“Crowdsourced cybersecurity testing offers a diverse pool of cybersecurity experts for companies. Real-time human insights, creativity, and context provide superior value compared to algorithms alone.”
Cybersecurity Resources
Blog Post: “Customer Trust: How Crowdsourced Cybersecurity Testing Can Prevent the Loss?”
The loss of customer trust due to inadequate cybersecurity measures is one of critical risks that often goes overlooked. Read this BugBounter Cybersecurity blog to learn more about how crowdsourced cybersecurity testing can prevent the loss.
Customer Trust: How Crowdsourced Cybersecurity Testing Can Prevent the Loss?
The loss of customer trust due to inadequate cybersecurity measures is one of critical risks that often goes overlooked. Read this BugBounter Cybersecurity blog to learn more about how crowdsourced testing can prevent the loss.
The Business Risks of Neglecting Cybersecurity
In today’s digital landscape, businesses face numerous risks that can jeopardize their success. One critical risk that often goes overlooked is the loss of customer trust due to inadequate cybersecurity measures. As high-profile professionals leading organizations, it’s imperative to understand the direct link between cybersecurity, crowdsourced testing, and customer trust to protect your business from devastating consequences.
The Relationship Between Customer Trust and Cybersecurity
Customer trust is the lifeblood of any successful business. It forms the foundation of customer relationships, brand loyalty, and revenue generation. However, when a company fails to prioritize cybersecurity, it risks compromising sensitive customer data, leading to breaches, fraud, and compromised privacy. Such incidents can shatter customer trust, resulting in reputational damage, legal repercussions, and financial losses.
The Impact of Cybersecurity on Customer Trust
Read more for real world examples on how not taking the right steps in terms of cybersecurity can affect your business.
Equifax Data Breach
In 2017, Equifax, one of the largest credit reporting agencies, experienced a massive data breach that exposed the personal information of 147 million consumers. The incident severely damaged Equifax’s reputation, eroded customer trust, and resulted in numerous lawsuits and regulatory fines.
Facebook-Cambridge Analytica Scandal
The Facebook-Cambridge Analytica scandal in 2018 revealed how the personal data of millions of Facebook users was harvested without their consent and used for political profiling. This breach of trust not only led to significant backlash and a decline in user trust but also sparked investigations and regulatory scrutiny.
SolarWinds Supply Chain Attack
The SolarWinds supply chain attack in 2020 demonstrated the far-reaching impact of cybersecurity incidents. The breach compromised the software supply chain, leading to the infiltration of multiple high-profile organizations and government agencies. The incident exposed vulnerabilities in security practices, eroded customer trust, and highlighted the need for robust cybersecurity measures.
Effective Cybersecurity Measures and Crowdsourced Testing to Safeguard Customer Trust
One powerful tool in an organization’s cybersecurity arsenal is a bug bounty program, which often includes crowdsourced testing. Bug bounties leverage the expertise of ethical hackers who identify vulnerabilities in your systems, applications, and infrastructure, ensuring robust security. By incorporating crowdsourced testing into your cybersecurity strategy, you can harness the collective intelligence and skills of a global community to uncover and remediate vulnerabilities.
The Advantages of Bug Bounties and Crowdsourced Testing for Customer Trust
Nothing beats the human intelligence, yet.
1. Proactive Vulnerability Discovery: Bug bounties and crowdsourced testing enable continuous security testing by humans, ensuring critical vulnerabilities are discovered and remediated promptly, reducing the risk of breaches.
2. Access to Top-Tier Global Experts: Bug bounty programs and crowdsourced testing attract skilled cybersecurity professionals who can identify and address critical vulnerabilities that may evade traditional security measures.
3. Cost-Effective Security Testing: Bug bounties and crowdsourced testing rewards only the successful exploits. Thus, offer a cost-effective alternative to traditional penetration testing, enabling businesses to focus on real matters without the overhead costs of dealing with false alerts.
4. Enhanced Reputation and Customer Trust: Demonstrating a commitment to cybersecurity through bug bounties and crowdsourced testing enhances your company’s reputation, assuring customers and stakeholders of their data protection.
Experience the BugBounter Advantage
The loss of customer trust due to inadequate cybersecurity measures poses a severe risk to businesses. By prioritizing cybersecurity, crowdsourced testing, and leveraging BugBounter’s bug bounty platform, you can fortify your organization’s resilience, safeguard sensitive data, and maintain customer trust. Don’t wait for a breach to happen—contact BugBounter today for a free trial and take proactive steps towards a secure future.
Unlock bug bounty success and high bounty rewards with Bug Bounty Talk, powered by BugBounter! Join us for insights, Q&A, and networking. Arrange an event now.
Check out this month’s newsletter for the latest updates from BugBounter.
💰 Newest Programs
We launched so many new programs in the last month. Login on BugBounter now to check those. If you can’t see the programs, that means you have not completed the ID verification yet. You can do it easily on the BugBounter Platform. Hurry up!
It is important to pay attention to the security vulnerabilities in Remote Desktop Services (RDS) on Windows servers. With the use of Mimikatz, an ethical hacker can extract passwords from memory. This can be achieved by running the following command:
The Common Vulnerability Scoring System (CVSS) is used as the primary severity selection method, which can sometimes result in disagreements between security researchers and the companies offering the bug bounty.
Unlock bug bounty success and high bounty rewards with Bug Bounty Talk, powered by BugBounter! Join us for insights, Q&A, and networking. Arrange an event now.
